Freehold Retail Investment with Residential Potential
Let to Specsavers Optical Superstores Limited until 2026 (no breaks)
Located in a popular West London suburb
Important 2021 rent review to minimum of £45,000 p.a.x.
Future development potential
Nearby occupiers include Tesco Express, Card Factory, Marks & Spencer Simply Food and
Superdrug
Lot 5
Auction 24th May 2018
Rent £25,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Trustees
Property Information
Location
Miles
15 miles north-west of Central London
10 miles north-east of Slough
16 miles south-east of High Wycombe
Roads
A4180, B466, A40
Rail Ruislip Underground Station
(Metropolitan & Piccadilly Lines)
Air
Heathrow Airport
Situation
Ruislip is a popular West London suburb some 15 miles north-west of Central London. The property occupies a prominent position on Ruislip’s busy High Street with nearby occupiers including Tesco Express, Card Factory, Marks & Spencer Simply Food and Superdrug.
Tenure
Freehold.
Location
Miles
15 miles north-west of Central London
10 miles north-east of Slough
16 miles south-east of High Wycombe
Roads
A4180, B466, A40
Rail Ruislip Underground Station
(Metropolitan & Piccadilly Lines)
Air
Heathrow Airport
Situation
Ruislip is a popular West London suburb some 15 miles north-west of Central London. The property occupies a prominent position on Ruislip’s busy High Street with nearby occupiers including Tesco Express, Card Factory, Marks & Spencer Simply Food and Superdrug.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation at the rear. In addition, to the front of the first floor are two residential flats which are currently unused and inaccessible.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation at the rear. In addition, to the front of the first floor are two residential flats which are currently unused and inaccessible.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First (rear)
Retail Ancillary
211.35 sq m 22.76 sq m
(2,275 sq ft) (245 sq ft)
SPECSAVERS OPTICAL SUPERSTORES LIMITED (1) on a full repairing and insuring lease
10 years from 09/03/2016 until 08/03/2026
£25,000
09/03/2021
First (front)
Residential
2 x One Bedroom Flat
VACANT POSSESSION (2)
Total Commercial Area:
234.11 sq m
(2,520 sq ft)
£25,000
(1) For the year ending 28th February 2017, Specsavers Optical Superstores Limited reported a turnover of £716,509,000, pre-tax profits of £32,772,000 and a total net worth of £54,000,000 (Source: Experian Group 26/04/2018). Specsavers is a partnership of nearly 2,000 locally-run businesses, committed to delivering high quality, affordable optical and hearing care in the communities they serve with a network of over 700 stores throughout the UK (Source: www.specsavers.co.uk). (2) There is currently no access to residential flats.
